Analyst Ratings for Finisar Corp. (FNSR)Updated: 2017-07-27
Shares of Finisar Corp. (NASDAQ:FNSR) have received a consensus rating of Buy from Wall Street analysts. About 30 days ago, FNSR was issued an average rating of Buy.
A buy rating was issued by 13 analysts, 0 gave an overweight rating, 1 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
A number of analysts gave price targets for FNSR. The highest price target was 44, implying a possible profit of 56.14 percent. The lowest price target was 32, which equates to a potential downside of 13.56 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.61 percent. The average change in earnings estimates over the last 90 days is -30.3 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.58 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -14.21 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 1 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of FNSR to grow at a rate of -22.44 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. FNSR has a PEG ratio of -0.58.
In the last 52-weeks, FNSR has achieved a high of 36.85 and a low of 18.00. The current market price is above the trailing year's low by 56.56 percent, and 23.53 percent below the high. FNSR has a P/E ratio of 12.93. Investors typically compare the P/E ratio to a company's peers in the industry. The FNSR value stock report compares FNSR to some of its peers using value stock charts. The market cap of FNSR is $3.14 billion. FNSR's next earnings release will be on 0000-00-00, which is days away.